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Benchmark Bankshares (Benchmark Bankshares) Goodwill-to-Asset : 0.00 (As of Sep. 2023)


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What is Benchmark Bankshares Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Benchmark Bankshares's Goodwill for the quarter that ended in Sep. 2023 was $0.00 Mil. Benchmark Bankshares's Total Assets for the quarter that ended in Sep. 2023 was $1,103.44 Mil. Therefore, Benchmark Bankshares's Goodwill to Asset Ratio for the quarter that ended in Sep. 2023 was 0.00.


Benchmark Bankshares Goodwill-to-Asset Historical Data

The historical data trend for Benchmark Bankshares's Goodwill-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Benchmark Bankshares Goodwill-to-Asset Chart

Benchmark Bankshares Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec18 Dec19 Dec20 Dec21
Goodwill-to-Asset
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Benchmark Bankshares Quarterly Data
Mar07 Jun07 Sep07 Dec18 Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23
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Competitive Comparison of Benchmark Bankshares's Goodwill-to-Asset

For the Banks - Regional subindustry, Benchmark Bankshares's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Benchmark Bankshares's Goodwill-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Benchmark Bankshares's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Benchmark Bankshares's Goodwill-to-Asset falls into.



Benchmark Bankshares Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Benchmark Bankshares's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Goodwill to Asset (A: Dec. 2021 )=Goodwill/Total Assets
=0/1040.576
=0.00

Benchmark Bankshares's Goodwill to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Goodwill to Asset (Q: Sep. 2023 )=Goodwill/Total Assets
=0/1103.436
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Benchmark Bankshares  (OTCPK:BMBN) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Benchmark Bankshares Goodwill-to-Asset Related Terms

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Benchmark Bankshares (Benchmark Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
204 S. Broad Street, P.O. Box 569, Kenbridge, VA, USA, 23944
Benchmark Bankshares Inc is a bank holding company for Benchmark Community Bank, which offers a wide range of banking and related financial services to individuals and small to medium ranged businesses through offices located in Virginia. The bank provides personal accounts service, business accounts services, loan products, internet banking services, mobile banking services, debit cards, money management services, mortgage services, credit cards facility and other services.

Benchmark Bankshares (Benchmark Bankshares) Headlines

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